https://www.taxtmi.com/caselaws?id=74893 Rule 57H allowed transitional MODVAT credit for inputs received before filing the Rule 57G declaration if the inputs were in stock and were used in manufacture of final products cleared on or after the relevant date. On the stated facts, duty had been paid on the inputs after the relevant date, the inputs were lying in stock before declaration, and the final product became dutiable from 4-3-1986. The earlier exemption of the final product at the time the inputs were received did not defeat the transitional benefit once the declaration was filed and the statutory conditions were otherwise satisfied. Credit was therefore admissible, subject to verification of compliance with the rule. en-us Mon, 30 Jan 1989 00:00:00 +0530 Mon, 13 Jun 2011 11:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74893 Rule 57H allowed transitional MODVAT credit for inputs received before filing the Rule 57G declaration if the inputs were in stock and were used in manufacture of final products cleared on or after the relevant date. On the stated facts, duty had been paid on the inputs after the relevant date, the inputs were lying in stock before declaration, and the final product became dutiable from 4-3-1986. The earlier exemption of the final product at the time the inputs were received did not defeat the transitional benefit once the declaration was filed and the statutory conditions were otherwise satisfied. Credit was therefore admissible, subject to verification of compliance with the rule. Case-Laws Central Excise Mon, 30 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74893